2/3? 1 person is an increase of 2600 annually. It was said that Bahamar employed 5000. 2/3 would be 3300 people at a cost of 8.5 million per year. If their electricity bill went up by 8 million they'd be screaming. But if they're making 100mil in profit they may see the loss of 8 to minimum wage as justified. Dont know the staff complement at Atlantis.
What do security officers get paid per week? I dont believe this is nothing. It will affect the companies with greater percentage of low skill workers. 10 employees at minimum wage is 26000 extra expense per year. If you were only making an annual profit of 50,000 that is a gigantic blow. I do not think they performed a full economic analysis on this to understand who and how businesses would be impacted
You've missed the point that "recovery" is all going towards digging us out of the very steep hole we dug in 2020/2021 that's why when were back to 2019 revenue levels, all things remaining the same, we'll still just be at 0 growth.
The problem I find is the people they're listening to, one expert was talking up 1% growth in 2019 as if we were doing great. "Any growth is good" is "technically" and "splitting hairs" correct, but not really, 1% is better than 0 bit it doesnt pass the "good" bar unless it is predictive of an upcoming growth trend, which it wasnt. I cant figure out if they really believed that was a good situation or they just didnt want to be on Minnis wrong side. The danger in the go along to get along analysis is, if the administration was listening to that person why would they think they needed to try to do any better? Today we gat a different group PR-ing everything, is Davis getting good analysis by which to make decisions?
Which businesses are likely to have minimum wage workers? You can expect to see price increases there, because I'm convinced most bahamian businesses have no idea of how to price or the importance of pricing correctly.
Food stores Any business with a Large warehouse Hotels Cleaning companies Restaurants Small businesses <10 employees Landscaping companies
More price increases, higher unemployment, higher borrowing costs, we just dragged and clawed our way closer to the edge of the fiscal cliff
Which is to say... in reality more people will join the unemployment line as businesses cut 2 out of 10 jobs to fund the pay increase or they will give less hours to the same compliment.
I'm still trying to determine what Mrs Daxon did? Is she merely trying to instill discipline to which the staff are resistant or is there a real problem.
Our medical community really did a very poor job on COVID analysis. Just following who got sick and why, who got vaccinated and adverse impacts etc. Im almost certain it was deliberate suppression of information, just like they did with Dorian death count, no bad press in paradise.
I dont know. I know someone who has had severe flu symptoms almost every year for as long as Ive known them which is more than 20 years. Debilitating headaches stuffiness, bad chest congestion muscle soreness.
Last year they got COVID **they** said its like nothing theyve experienced before, they also experienced odd biological changes after getting well, barely eating for 2-3 months but constant abdominal discomfort, meat had to be eliminated completely. what they could eat, "soup", not bahamian soup, watery soup, was accompanied by severe abdominal pain. They dont want to experience that again. I dont want to experience what I heard.
Like I said the report from Europe could be nothing, but lets not get caught flat footed again. Doesnt hurt to monitor. This is what disaster prep is all about, plausible scenarios and role playing for readiness, even if nothing happens
They should carefully watch Europe they're reporting a 45% increase in COVID hospitalizations from the previous week. It may be nothing but not a good idea to assume its nothing.
they focused on technology and education and **innovated**. they didnt try to steal ideas from innovators or block their progress to maintain central control of power
ThisIsOurs says...
2/3? 1 person is an increase of 2600 annually. It was said that Bahamar employed 5000. 2/3 would be 3300 people at a cost of 8.5 million per year. If their electricity bill went up by 8 million they'd be screaming. But if they're making 100mil in profit they may see the loss of 8 to minimum wage as justified. Dont know the staff complement at Atlantis.
On Two-thirds of hotel staff in minimum wage boost
Posted 13 October 2022, 3:48 p.m. Suggest removal
ThisIsOurs says...
What do security officers get paid per week? I dont believe this is nothing. It will affect the companies with greater percentage of low skill workers. 10 employees at minimum wage is 26000 extra expense per year. If you were only making an annual profit of 50,000 that is a gigantic blow. I do not think they performed a full economic analysis on this to understand who and how businesses would be impacted
On EXTRA PAY IN YOUR POCKET: $260 minimum wage from January
Posted 13 October 2022, 11:12 a.m. Suggest removal
ThisIsOurs says...
You've missed the point that "recovery" is all going towards digging us out of the very steep hole we dug in 2020/2021 that's why when were back to 2019 revenue levels, all things remaining the same, we'll still just be at 0 growth.
The problem I find is the people they're listening to, one expert was talking up 1% growth in 2019 as if we were doing great. "Any growth is good" is "technically" and "splitting hairs" correct, but not really, 1% is better than 0 bit it doesnt pass the "good" bar unless it is predictive of an upcoming growth trend, which it wasnt. I cant figure out if they really believed that was a good situation or they just didnt want to be on Minnis wrong side. The danger in the go along to get along analysis is, if the administration was listening to that person why would they think they needed to try to do any better? Today we gat a different group PR-ing everything, is Davis getting good analysis by which to make decisions?
On ‘Move the needle’: IMF puts Bahamas growth back to 8%
Posted 13 October 2022, 4:39 a.m. Suggest removal
ThisIsOurs says...
Which businesses are likely to have minimum wage workers? You can expect to see price increases there, because I'm convinced most bahamian businesses have no idea of how to price or the importance of pricing correctly.
Food stores
Any business with a Large warehouse
Hotels
Cleaning companies
Restaurants
Small businesses <10 employees
Landscaping companies
More price increases, higher unemployment, higher borrowing costs, we just dragged and clawed our way closer to the edge of the fiscal cliff
On EXTRA PAY IN YOUR POCKET: $260 minimum wage from January
Posted 13 October 2022, 4:29 a.m. Suggest removal
ThisIsOurs says...
Which is to say... in reality more people will join the unemployment line as businesses cut 2 out of 10 jobs to fund the pay increase or they will give less hours to the same compliment.
On EXTRA PAY IN YOUR POCKET: $260 minimum wage from January
Posted 13 October 2022, 4:21 a.m. Suggest removal
ThisIsOurs says...
I'm still trying to determine what Mrs Daxon did? Is she merely trying to instill discipline to which the staff are resistant or is there a real problem.
On Principal ‘to take leave’
Posted 12 October 2022, 2:24 a.m. Suggest removal
ThisIsOurs says...
Our medical community really did a very poor job on COVID analysis. Just following who got sick and why, who got vaccinated and adverse impacts etc. Im almost certain it was deliberate suppression of information, just like they did with Dorian death count, no bad press in paradise.
On Atlantis: COVID rebound to ‘absorb’ BPL hit to $30m bill
Posted 9 October 2022, 1:41 a.m. Suggest removal
ThisIsOurs says...
I dont know. I know someone who has had severe flu symptoms almost every year for as long as Ive known them which is more than 20 years. Debilitating headaches stuffiness, bad chest congestion muscle soreness.
Last year they got COVID **they** said its like nothing theyve experienced before, they also experienced odd biological changes after getting well, barely eating for 2-3 months but constant abdominal discomfort, meat had to be eliminated completely. what they could eat, "soup", not bahamian soup, watery soup, was accompanied by severe abdominal pain. They dont want to experience that again. I dont want to experience what I heard.
Like I said the report from Europe could be nothing, but lets not get caught flat footed again. Doesnt hurt to monitor. This is what disaster prep is all about, plausible scenarios and role playing for readiness, even if nothing happens
On Atlantis: COVID rebound to ‘absorb’ BPL hit to $30m bill
Posted 9 October 2022, 1:19 a.m. Suggest removal
ThisIsOurs says...
They should carefully watch Europe they're reporting a 45% increase in COVID hospitalizations from the previous week. It may be nothing but not a good idea to assume its nothing.
On Atlantis: COVID rebound to ‘absorb’ BPL hit to $30m bill
Posted 8 October 2022, 2:01 a.m. Suggest removal
ThisIsOurs says...
they focused on technology and education and **innovated**. they didnt try to steal ideas from innovators or block their progress to maintain central control of power
On NEW MOODY’S DOWNGRADE: Action taken over financing access fears
Posted 7 October 2022, 6:35 p.m. Suggest removal